West Virginia Hospital Finance to sell $210.67 million revenue bonds

By Sheri Kasprzak

New York, Sept. 6 - The West Virginia Hospital Finance Authority is expected to price $210,665,000 of series 2013A hospital revenue refunding and improvement bonds for the West Virginia United Health System Obligated Group, according to a preliminary official statement.

The bonds (A2/A/) will be sold on a negotiated basis with Wells Fargo Securities LLC and BofA Merrill Lynch as the senior managers. The co-managers are BB&T Capital Markets and Crews & Associates Inc.

The bonds are due 2014 to 2019 with term bonds due in 2037 and 2044.

Proceeds will be used to finance the construction, equipment, renovation and improvement of a new emergency department, 50 acute care beds, the relocation of the cardiology department and other improvements, as well as to refund the authority's series 2004A revenue bonds.

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